Form 3508-2025

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PPP Loan Forgiveness Application Form 3508EZ. OMB Control No. 3245-0407. Expiration date: 12/31/2023. Business Legal Name (Borrower)
The difference between the forms lies in the calculations you need to do. Form 3508 requires the most calculations, Form 3508EZ requires less calculations, and Form 3508S is nearly calculation-free (cue the celebration).
Only businesses that actually default on their SBA loan can apply for loan forgiveness. Be aware that you may default on a loan without being behind on payments. This happens when you violate the terms of the loan like: Taking on additional debt.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
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